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Updated Jun 22, 2025, 7:40 a.m. Published Jun 22, 2025, 7:40 a.m.
- Dogecoin has shown signs of recovery after a sharp drop, stabilizing near $0.157 with increased buying interest.
- The recent sell-off was driven by macroeconomic uncertainty, but strong support was found at the $0.151 level.
- Analysts highlight the importance of the $0.151 support zone, with potential for a rebound if momentum continues to build.
Dogecoin is showing early signs of recovery after a steep intraday drop that pushed prices to their lowest levels in weeks.
The sell-off, triggered by broader macroeconomic uncertainty and geopolitical tensions, found strong buyer interest near the $0.151 level, with volume spiking to 828 million units during the capitulation.
Since then, DOGE has stabilized near $0.157, forming higher lows and hinting at a potential bottoming structure.
- Global economic pressures — from escalating trade disputes to hawkish central bank stances — have weighed heavily on crypto markets.
- DOGE, often viewed as a bellwether for retail sentiment, bore the brunt of risk-off flows. But despite the volatility, network activity has remained stable, and on-chain data shows signs of accumulation.
- Analysts point to the $0.151 level as a crucial support zone following the 8% plunge.
- Central banks continue to signal concern over inflation, and with crypto markets reacting sharply to macro headlines,
- DOGE’s ability to recover from its lows may attract short-term traders looking for signs of a rebound.
DOGE dropped sharply from $0.164 to $0.151 during the 21:00 hour on June 21, with volume exploding to 828M—the highest hourly tally in over a week. This marked a clear capitulation point, followed by a modest recovery as buyers stepped in.
STORY CONTINUES BELOW
Price has since rebounded to the $0.157 level, forming a short-term consolidation zone. In the most recent session, DOGE printed a series of higher lows, including a small breakout attempt at 06:57 when volume spiked to nearly 8M units. Immediate resistance now sits at $0.157–$0.160, while support remains firm at $0.151.
- DOGE posted a 7.9% range over 24 hours, falling from $0.164 to $0.151.
- Capitulation event at 21:00 drew 828M in volume, confirming $0.151 as major support.
- Price rebounded to $0.157, where it’s now consolidating on declining volatility.
- Higher lows suggest early accumulation pattern forming.
- Resistance zone sits at $0.157–$0.160; bulls need a close above $0.160 for breakout confirmation.
- Support at $0.151 backed by extreme volume and V-shaped bounce.
- MACD turning positive; RSI neutral at ~48, signaling room for upside if momentum builds.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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